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Treasurer: State investment portfolio steady

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Amid stock market uncertainty, Missouri State Treasurer Clint Zweifel contends the state's $4 billion investment portfolio is holding strong.

"Missourians should be confident in the health of their tax dollars ... because those dollars are invested with prudence, using fiscally sound financial principles," Zweifel said in a news release.

The Dow Jones Industrial Average fell 635 points, or 5.5 percent, Aug. 8, the worst drop since late 2008. It has since gained ground.

The state's investment portfolio is made up of monies not needed for daily operations. As of July 31, the portfolio's payments comprised:
  • U.S. agency debt, 51 percent;
  • Repurchase agreements, 18 percent;
  • Bank time deposits, 17 percent;
  • U.S. treasury debt, 8 percent; and
  • Highly rated commercial paper, 6 percent.
“I want Missourians to know our bills will continue to be paid, and the $4 billion investment portfolio continues to be monitored with the utmost care," Zweifel said.

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